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"Substantially oversubscribed" share issue sparks a series of new investors for a growing publisher
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Last night, THQ Nordic raised 2.09 billion Swedish crowns (about 225 million US dollars) which will be spent on developing the portfolio of the publisher.
The Darksider publisher issued 11 million new Class B shares last night, which were quickly seized by various investors, including some who have not yet invested in THQ Nordic.
New shareholders included First National AP Fund, Second National AP Fund and Odin Fonder. Meanwhile, established shareholders Swedbank Robur Fonder, TIN Fonder and Olsson Family and Foundation have taken more shares.
The publisher described the new issue of shares as "substantially oversubscribed".
In a statement, THQ Nordic said "to use the proceeds of the sale … to fund new acquisitions of franchises, game development studios or other assets complementary to the operations, and allow a rate of return of $ 40,000. higher investment in the development of society. "
Talk to GamesIndustry.bizLars Wingefors, CEO, said: "Ultimately, I want all my companies to be funded by the cash flow generated by the great games that fans and consumers will enjoy and pay for. is to build Something Substantial, Diversified and Sustainable through Acquisitions and Substantial Growth in Organic Development As you know, we represent only about 0.5% of the global market and we still have a long way to go. walk before reaching the next level.
"By not using aggressive debt, like loans and bonds, like many others [companies do]we put all stakeholders in the same boat. It also creates a safer, longer-term environment for all of our great employees and business partners, who do not have to worry about our balance sheet for the next paycheck. "
THQ Nordic has acquired countless IPs and studios in recent years, initially in the portfolio of the former THQ, but also with larger gaming companies.
Only last year she acquired Carmageddon; Coffee Stain, including their three in-house studios, as well as various IP addresses such as Goat Simulator and Sanctum; Bugbear Entertainment and the IP address of Wreckfest; the series of expeditions; Alone in the dark; Act of war; Kingdoms of Amalur; TimeSplitters; Second sight; the HandyGames developer, as well as his IP address such as Townsmen and Aces of Luftwaffe; and of course, Koch Media and Deep Silver, including their three in-house studios, 800 employees, Dead Island and Saints Row IP, as well as Metro's license.
Since early 2019, THQ Nordic has acquired Appeal Studios' Outcast IP, Australian publisher 18Point2 and the developer of Come Come: Deliverance, Warhorse Studios.
The publisher is also celebrating a solid year with the acquisition of Koch Media / Deep Silver, which boosted net sales by 713% over the previous year to $ 447.6 million.
We named Lars Wingefors as a member of our people in 2018 and talked about the company 's current strategy for mergers and acquisitions.
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